Lenders are facing a growing challenge that neither traditional credit scores nor fraud risk defenses were designed to address; identifying applicants and customers who aren’t misrepresenting their identity but instead misrepresent their intention to repay the credit or service being offered. While this threat - often referred to as First-Party Fraud, Intentional Misuse or Credit Misuse – is far from new, the current state of the economy has driven sharp upticks in activity that can lead both to rapid first-payment defaults as well as longer-term bust-outs.

Join LexisNexis® Risk Solutions industry expert, Kevin King, Vice President of Credit Risk, and a leading Chartis Financial Crime Research Director, Sean O’Malley, to explore new research on how this long-standing threat is evolving, why the line between credit risk and fraud risk is becoming increasingly blurred and how lenders can gain earlier visibility into this particularly damaging form of consumer risk.

Learn how leading institutions can use enhanced data, analytics and network intelligence to identify high-risk behaviors higher in the credit lifecycle, improve portfolio performance, and reduce losses before loss rates begin to deteriorate.

Key Takeaways

• Understand how first-party fraud is reshaping consumer risk management. 
• Learn how the threat is evolving with the popularization of credit washing, erasing the decades-old trade-off previously inherent to first-party fraud. 
• Review new research which sheds light on key behavioral indicators unique to first-party fraud.
• Learn how to detect risk before severe delinquency and charge-off.
• Explore strategies for distinguishing credit risk and fraud risk from credit misuse.